CALCULATOR FULL SCREEN PRINTER VERSION BACK Salaries and Wages Payable 4800 Cash

Question

CALCULATOR FULL SCREEN PRINTER VERSION BACK Salaries and Wages Payable 4800 Cash 4800 To record payment for compensated time when used by employees) 2017 Salaries and Wages Expense 9360 Salaries and Wages Payable To accrue the expense and liability for vacations) Salaries and Wages Expense 9360 7280 Salaries and Wages Payable To accrue the expense and liability for sick pay) Salaries and Wages Expense Salaries and Wages Payable 7280 640 7680 Cash To record vacation time paid) Salaries and Wages Expense 8320 160 Salaries and Wages Pavable

Explanation / Answer

Hours in a day 6 Paid vacation days 9 Paid sick days 7 2016 2017 Vacation Days Sick Days Vacation Days Sick Days Paid days earned in a year 9 7 9 7 Add: transfer from last year 0 0 9 2 Less: used 0 5 8 6 Balance 9 2 10 3 8640 1920 9464 3120 =9*12*8*10 =2*12*8*10 =9*13*8*10+1*8*13 =3*13*8*10 2016 2017 Vacation Wages Payable 8640 9464 Sick Pay Wages Payable 1920 3120

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